Over the weekend, former Wildrose leader Brian Jean called for fellow Albertans to join him in an all-out boycott of Quebec products.
The occasion was prompted by a comment from François Legault, the new right-leaning premier of Quebec. At a Montreal premiers’ meeting, Legault shot down any hope for a revival of the Energy East pipeline saying “there’s no social acceptability (for oil) in Quebec.”
Canada’s oil sector, auto sector, and aerospace sector are essential to our economic health and future as a nation.
In a common-sense conclusion, TD Bank economists say Canada’s economy will suffer if the massive oil price discount for Canadian oil continues.
The damage will be worst in Alberta, and overall growth in the country will fall by 0.5%.
Keep in mind, considering that economic growth is already struggling to keep up with inflation and population growth, a 0.5% fall would shift Canada closer to a recession.
The top rival to Alberta’s premier is signalling he doesn’t favour a government-mandated cut in crude oil production as Canadian prices hit a record low, saying he would prefer to see a market-based solution to the problem.
The Canadian crude oil industry has declared a national emergency after prices plunged to record lows.
Encana Corp.’s founder and former Chief Executive Officer Gwyn Morgan said he’s disappointed by the driller’s US$5.5 billion purchase of Newfield Exploration Co., which moves focus to the U.S. and dashes his hopes that the company would represent Canada on the world stage.
The federal Opposition leader is suggesting the Liberals have no intention of beginning the Trans Mountain pipeline expansion before next year’s election.
Canadian oil companies are scrambling to find places to store or ship their “distressed barrels” amid record-setting US$50-per barrel discounts, which is hitting a large proportion of their production.
Alberta Premier Rachel Notley, with her arch pipeline foe sitting just a few feet away in the front row, compared Trans Mountain protesters Saturday to dewy-eyed unicorn jockeys from Salt Spring Island, B.C.
“The possibility of giving the pipeline to First Nations (or at least a share of Trans Mountain) has come up at cabinet level,” a senior Liberal government source told Postmedia on Tuesday.
A few billion here, a few billion there… and pretty soon you’re talking about real money.
There is no relationship more important to the Government of Canada than the one with Indigenous peoples.
Shame we already used the ‘Virgin Goat’ graphic.
The association argued CSIS’s intelligence gathering violated the law governing the spy service, which forbids CSIS from collecting information about Canadians unless there are reasonable grounds to suspect they constitute a threat to national security.
Poilievre points out that the Trudeau government’s tough talk on Saudi Arabia wasn’t matched up with action, as our country is still buying tons of Saudi oil.
Police raided the camp site Thursday morning, removing 11 people and arresting five. Once the protesters were cleared out, city employees dismantled the camp, which included bulldozing the haphazardly built homes and confiscating numerous items such as garbage, mattress pads, tables and night stands.
Despite sitting on an ocean of oil, Canada still buys $300 million per month of Saudi crude.